Our biggest stories of the past week are … European Union means Banking Union, but what does it mean for the City of London? We had our usual first footing for the Financial Services Club this week, with an illuminating update from David Doyle, Policy Adviser on all things related to EU Financial Legislation. The…
Things we're reading today include … What can a brothel owner teach a banker? Ask ABN Amro chairman Gerrit Zalm's 'sister' UK politics: Banks must sell 'significant' number of branches, says Ed Miliband Miliband urges bank branch sell-off Ed Miliband's bank plan has fundamental flaws Whipping the bankers – as proposed by Ed Miliband –…
Things we're reading today include … Is competition in retail banking a problem? Senior bankers hit back at Miliband's bank shake-up plans Labour promise to limit high street banks is flawed, says Bank of England governor Mark Carney Mark Carney does not back EU bonus cap Global economy 'bouncing back' as rich nations emerge from…
Things we're reading today include … JPMorgan bonus pot hit by flat profits and massive fines Madoff costs hurt JP Morgan profits Smartphone wallet backed by banks Currency exchange goes social with WeSwap's person-to-person service Smartphone payments app gets banks’ backing Credit Suisse eases staff workload Dispute over foreign bank assets sent to New York's…
Things we're reading today include … 20% discount on Finovate 2014 U.S. Banks and Merchants: Now Is the Time for EMV-Chip Card Migration How long will Hollywood ignore the 'bitches' of Wall Street? City jobs jump by two thirds as hiring "gathers momentum" but fears remain Lord Turner opposes Mark Carney on bank 'balkanisation' Swiss…
Things we're reading today include … Regulators ease new bank rule on leverage to aid economy Banks win Basel concessions on debt rules Forget banks and join credit unions, middle-classes urged Number of new City jobs up by two-thirds Payday lenders charging 'unlawful' default fees Extradition looms for fugitive financier ‘Shareholder Spring’ reawakened as Fidelity…
Our biggest stories of the past week are … Welcome to 2014 with a few wild predictions … Hello everyone and welcome to 2014. The teenies, as this decade is known, is becoming a fascinating decade of change. From fundamental change in the economic and political world, thanks to the financial crisis of 2008, to…
Things we're reading today include … Infosys increases sales forecast JPMorgan Chase plans to exit prepaid card business Could Standard Chartered's reshuffle signal coming problems? RSA blames £200m hole on 'inappropriate collaboration' among Irish arm bosses 2014: The year of encryption New on PaymentsViews.com: Bitcoin in 2014 NY probes banks over early warning tips China…
Things we're reading today include: Bank inquiry: Regulator says IT systems 'antiquated' Banking rivalries: Drifting apart RBS and Barclays face new probe by US regulators Lord Burns steps down from Santander board Metro Bank to charge for overseas use Santander unveils help to buy mortgage deal JPMorgan metal futures unit included in commodities sale: sources…
This month's view from Europe, courtesy of Edith Rigler: Euro zone inflation down –Eurostat,news release 7 January 2014 Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November3, according to a flash estimate4 from Eurostat, the statistical office of the European Union. EU set to drop ringfencing of big…
